To the editor: The Los Angeles Occasions does L.A. and California readers a disservice in lauding every constructive financial information story as proof of our “enduring attraction” as a spot to do enterprise (“Billionaire exodus? California drew 10 occasions extra enterprise capital than every other state this 12 months,” July 10). I communicate with employers each day and it’s clear hyper-regulation in California is, as former gubernatorial candidate and San José Mayor Matt Mahan asserted, driving up prices, pushing out jobs and limiting alternative. However this message didn’t resonate with voters, partly, as a result of The Occasions ceaselessly characterizes efforts to rationalize enterprise regulation as assist for billionaires and Republicans.
High expertise and nice climate are why California continues to draw funding. A pal and enterprise proprietor lately quipped, “No less than our authorities can’t destroy the climate.” If we proceed to punish traders and companies with over-regulation and over-taxation (just like the billionaire tax), the constructive financial information tales for L.A. and California might be few and much between.
Bernie Resser, Los Angeles
